Godrej Properties raises Rs.6,000-Cr through QIP

Godrej Properties has raised INR 6,000 crore by selling shares to institutional investors on qualified institutional placement (QIP) basis.The issue price of INR 2,595 per equity share, which is at a discount of INR 132.44 to the floor price of INR 2,727.44 per equity share.Godrej Properties has presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru. It has entered into Hyderabad market recently.